The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1887-06-27
WOMEN WHO SPECULATE.
Their Successes and Faiiures-Ac tressos
Who Dabble In Stocks.

|
Who Dabble In Stocks.
New York Mail and Express.
"That women speculate and do not
stop at ordinary ventures know to
be fact" said prominent banker,
when approached on the subject; "but
they usually employ men to do their
work. You see, they cannot operate
in person because OF the prejudice OF
their own sex, but they can study and
scheme and drect-and this is what
they do. The cases in this city where
brokers carry heavy lines of stock I'M
der their own names which really be-
long to their clients are not few, I
can tell you. These women, however,
do not all live in New York Bless
your heart, they represent every coun-
ty in tho State and, for all know,
every city and town. They are usual
| ly women who have inherited proper
ty, wards OF indulgent guardians or
women who have seen the world.
By this / mean women who have trav-
sled and learned OF the wonderful
achievements in the stock line of some
noted foreigners; titled or untitled, and
desire to outshine them"
"And are they successful"
AS a rule, yes. Women have q
very keen appreciation OF the per
haps' Then, again, they are content
with a small margin OF profit. And,
finally, they seldom play, like man,
| for four-time winner, as it were, to
press the limit. II the purchase Of
to-day shows gain they are content
TO pocket that gain, rather than wait
for another advance tomorrow,
which advance is not always sure to
come"
"But il they lose2"
"Thcy lose as little as possible by
getting clear OF their stock as soon as
they see it is going contrary to the
way they want it to 60. They are
very philosophical and cautious, are
these same women. But oil the wom-
en- who are represented on the street
and in the exchanges are not moneyed
parties by long odds"
"No?"
ear from it. Many a woman sends
her last $40 to put up her margin
when the day shall begin"
"Ishould not think broker would
bother with a business 30 small"
"The brokers in those cases are us.
ually the woman's brother, sweet
heart or cousin. She wheedles a few
bank notes out OF papa and gives
them to her agent, who in turn gives
them to some small broker, and very
often the misery little sum OF the
morning is quite a respectable bank
account by night. remember an in
stance when O. young woman came to
New York to attend lectures at tho
Woman's Medical College. She found
living, tuition and other expenses 30
very much more than she had ex-
pected that she was not willing to
commence her work until ne had re-
allied sufficient money to see her
through her studies. Listening to the
advice OF male cousin, she sent $50
by him to put up as margin on oil.
That $50 in a weeks time brought
her back yearly 81 ,000."
"All women, however, are not 80
successful"
II should say not. There are thou
sands OF dollars swallowed up in mar
gins every day that represent many q
young woman's pin-money for a
month. Women are natural-born
gamblers. They take to gift enter
prises, lotteries, speculation and bet
ting as q duck does to water. II you
want a good proof OF it 60 any day to
these large tea stores where the pro-
prietor gives away piece OF crockery
or silver-plated spoon with every
pound of tea. You will find women
coming there to buy from districts
miles away. They really spend more
in car fare and time than the gift is
worth, besides getting m inferior
grade in their purchase. The proprie-
tor, however, knows their weakness
and profits accordingly"
Are there any female brokers in
business in New York;"
"None that know OF. Men brokers,
however, have their female aides
women like Vic Woodruff and Tennie
Claflin-and these women are power
full allies, | can tell you"
"Whatis their method OF operat-
ing?"
at depends upon circumstances.
As q rule, they seek the confidence OF
some recently bereaved widow-one,
bear in mind, who has not been left
moneyless. Then they proceed to ad-
wise her against trusting the wicked
men in matters OF business, invaria-
bly, winding up by recommending their
banker or broker as the man above
all Others to look after her affairs.
The same plan is followed with young
girls who succeed to legacies or young